After vowing not to change its banking system despite a tax scandal spiraling out of control, the principality of Liechstenstein may be changing its mind.
Prime Minister Otmar Hasler has reportedly told the Swiss newspaper Neue Zuercher Zeitung that “the reform process has already begun and I support it being continued.” He says that he […]
Last week, hundreds of wealthy Germans had their homes and offices searched in Frankfurt, Munich, Stuttgart, Hamburg and Ulm as German officials crack down on what is perceived as massive tax fraud.
The German government believes that as much as €3.4 billion ($5 billion US) have been transferred to Liechtenstein in an attempt to evade taxation […]
Germany is getting tough on tax evaders hot on the heels of Zumwinkel’s arrest. Much of the money is headed Liechtenstein, a haven for tax evaders because of its strict confidentiality laws.
Liechtenstein doesn’t want to cooperate - they cite high German taxes as a reason for the mass exodus of cash. Germany has […]
German prosecutors have accused Klaus Zumwinkel, one of the country’s most prominent business executives, of tax evasion. Zumwinkel is the chief executive of Deutsche Post and head of the supervisory board of Deutsche Telekom.
Zumwinkel was questioned and released by investigators after posting bail. He is suspected of evading 1 million euros (worth $1.45 […]
Many of my husband’s clients are likely breathing a sigh of relief this morning. He represents a number of German corporations who pay tax rates which are much higher than their European cousins - and generally much higher than companies in the United States. In order to compete in an increasingly global market, […]
tax news, tax info and tax policy - and it’s not as boring as you think!
Written by Kelly Phillips Erb [email] for b5media.
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